ACI Worldwide (NASDAQ:ACIW) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Thursday.

Several other research firms have also issued reports on ACIW. Zacks Investment Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a report on Wednesday, November 14th. Credit Suisse Group increased their target price on ACI Worldwide from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, September 12th. Finally, BidaskClub lowered ACI Worldwide from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 18th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. ACI Worldwide currently has a consensus rating of “Buy” and an average target price of $30.00.

ACIW opened at $27.16 on Thursday. The firm has a market cap of $3.29 billion, a PE ratio of 26.63, a P/E/G ratio of 2.71 and a beta of 1.28. ACI Worldwide has a 52-week low of $20.23 and a 52-week high of $30.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.68.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, November 8th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.19. The company had revenue of $245.50 million for the quarter, compared to analyst estimates of $232.31 million. ACI Worldwide had a return on equity of 7.42% and a net margin of 1.42%. ACI Worldwide’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) EPS. Equities analysts forecast that ACI Worldwide will post 0.87 earnings per share for the current year.

In related news, CEO Philip G. Heasley sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $29.79, for a total value of $2,979,000.00. Following the sale, the chief executive officer now directly owns 1,302,228 shares of the company’s stock, valued at $38,793,372.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.42% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Cowen Prime Services LLC acquired a new stake in ACI Worldwide in the second quarter valued at about $123,000. First Republic Investment Management Inc. acquired a new stake in ACI Worldwide in the second quarter valued at about $208,000. Cubist Systematic Strategies LLC acquired a new stake in ACI Worldwide in the second quarter valued at about $332,000. Virginia Retirement Systems ET AL acquired a new stake in ACI Worldwide in the second quarter valued at about $424,000. Finally, Tower Research Capital LLC TRC boosted its stake in ACI Worldwide by 1,764.4% in the third quarter. Tower Research Capital LLC TRC now owns 15,363 shares of the technology company’s stock valued at $432,000 after buying an additional 14,539 shares in the last quarter.

ACI Worldwide Company Profile

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

Recommended Story: Cost of equity and a company’s balance sheet

Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.